Shell Leaving Pakistan ... Economic Meltdown

[Altruist]

Oil Giant Shell Plans to Exit Pakistan After 75 Years​

​

Is Total Parco next to leave?

This is just a start.

Try all those responsible for this meltdown
in military courts ....

What duffer Ishaq Dar,
whose only qualification is that he is the father-in-law of Nawaz's daughter,
has to say about the current economic condition of the country? ​

Shell Pakistan (SHEL.PSX) said on Wednesday that its parent company, Shell (SHEL.L) unit Shell Petroleum Company, would be exiting Pakistan with the sale of its 77% shareholding in the local business.

The move came after Shell made several announcements about its global operations and after Shell Pakistan (SPL) suffered losses in 2022 due to exchange rates, the devaluation of the Pakistani rupee, and overdue receivables, and as the country faces a financial crisis and economic slowdown.

Shell to exit Pakistan unit with sale of shares

Shell Pakistan said on Wednesday that its parent company, Shell unit Shell Petroleum Company, would be exiting Pakistan with the sale of its 77% shareholding in the local business.

www.reuters.com

Shell Plans to Sell Stake in Pakistan Unit Amid Economic Crisis

Shell Plc has decided to exit Pakistan in a setback for the South Asian nation that is going through its worst economic crisis.

www.bloomberg.com

​

 

[mughals]

because they can't remit their profits. so what is the use for any multinational to be there. suzuki and honda have already closed their shops

 

[mughals]

 

[mughals]

 

[Altruist]

Didn't know a FA pass General can read graphs!

Pakistan Equity Market Index, 1996 – 2023 | CEIC Data

Pakistan KSE 100 closed at 41,452.7 points in Jun 2023, compared with 41,330.6 points at the previous month end.

www.ceicdata.com

 

[khaaki]

کہ خون صد ہزار انجم سے حتی ہی سحر پیدا۔
Pak will rise IA once this fascist regime is over and the loyalist become the rulers.

 

[RajaRawal111]

because they can't remit their profits. so what is the use for any multinational to be there. suzuki and honda have already closed their shops

Didn't know a FA pass General can read graphs!

Pakistan Equity Market Index, 1996 – 2023 | CEIC Data

Pakistan KSE 100 closed at 41,452.7 points in Jun 2023, compared with 41,330.6 points at the previous month end.

www.ceicdata.com

کہ خون صد ہزار انجم سے حتی ہی سحر پیدا۔
Pak will rise IA once this fascist regime is over and the loyalist become the rulers.

Husk is the best remedy for all kinds of constipation and things stuck in the Colon. The country's default is stuck in you people for over a year and is just not getting out.

Psyllium Information | Mount Sinai - New York

Learn about Psyllium or find a doctor at Mount Sinai Health System.

www.mountsinai.org

 

[RajaRawal111]

Shell or any other major Oil & Gas corporation, keeps buying and selling their assets -- you Idiots.

Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

www.reuters.com

Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

The move comes as the oil industry faces increasing pressure to invest in renewable energy and lower its carbon emissions in the face of a changing climate.

www.cnbc.com

Shell selling major U.S. shale operation to ConocoPhillips, accelerating its departure from fracking

Shell is under pressure to decarbonize—but this deal only highlights the divergence between European and U.S. companies

fortune.com

Royal Dutch Shell Sells Permian Basin Oil Holdings for $9.5 Billion (Published 2021)

The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.

www.nytimes.com

Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022 | OilPrice.com

Last year, Shell held talks with a major UK producer in an attempt to sell its Norwegian oil and gas assets

oilprice.com

UK supermajor Shell to sell Malaysian offshore assets | Upstream

Non-operated stakes in Baram Delta PSCs snapped up by Petroleum Sarawak Exploration & Production

www.upstreamonline.com

 

[Altruist]

Shell or any other major Oil & Gas corporation, keeps buying and selling their assets -- you Idiots.

Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips

Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.

www.reuters.com

Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips

The move comes as the oil industry faces increasing pressure to invest in renewable energy and lower its carbon emissions in the face of a changing climate.

www.cnbc.com

Shell selling major U.S. shale operation to ConocoPhillips, accelerating its departure from fracking

Shell is under pressure to decarbonize—but this deal only highlights the divergence between European and U.S. companies

fortune.com

Royal Dutch Shell Sells Permian Basin Oil Holdings for $9.5 Billion (Published 2021)

The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.

www.nytimes.com

Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022 | OilPrice.com

Last year, Shell held talks with a major UK producer in an attempt to sell its Norwegian oil and gas assets

oilprice.com

UK supermajor Shell to sell Malaysian offshore assets | Upstream

Non-operated stakes in Baram Delta PSCs snapped up by Petroleum Sarawak Exploration & Production

www.upstreamonline.com

Dumbhead, read it again. It is not about buying and selling shares.

If you can't comprehend then there is no need to enter into an argument.

 

[Wadaich]

Husk is the best remedy for all kinds of constipation and things stuck in the Colon. The country's default is stuck in you people for over a year and is just not getting out.

Psyllium Information | Mount Sinai - New York

Learn about Psyllium or find a doctor at Mount Sinai Health System.

www.mountsinai.org

Castor Oil and Kor Tumma/Citrullus colocynthis are way better. Let us try on the fugitive Londoner.

 

[Wadaich]

A blessing in disguise indeed. Let the multinational leaches and scavengers get lost. Let us reach to the limit "Tang aamad, Bajang aamad". We have no dearth of the talent. Let us get forced to drill out our own oil, gas, and coal resources and be self sufficient.

 

[khaaki]

Husk is the best remedy for all kinds of constipation and things stuck in the Colon. The country's default is stuck in you people for over a year and is just not getting out.

Psyllium Information | Mount Sinai - New York

Learn about Psyllium or find a doctor at Mount Sinai Health System.

www.mountsinai.org

raja as usual a do-do head........serial bonga and imbecile to the core.